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Stock Market & Financial Investment News

News Breaks
February 7, 2014
05:31 EDTGPS, COST, LBMany retailers feel January's cold, WSJ reports
Winter storms in January affected many retailers nationwide in a month when many stores look to clear out inventory after the holiday shopping season, reports the Wall Street Journal. Some companies, like Gap (GPS), L Brands (LB) and Costco (COST), were able to overcome that trend.Reference Link
News For GPS;LB;COST From The Last 14 Days
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January 23, 2015
15:37 EDTGPSGap to close Piperlime brand
Gap announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of driving profitable top line sales, and going into the new fiscal year, the company will focus on its portfolio of five brands – Gap, Old Navy, Banana Republic, Athleta and Intermix, as well as digital and global growth. While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100M, representing less than 1% of Gap Inc.’s total revenue base of over $16B, the company said. The wind-down costs associated with the decision are not material to the company’s financials, Gap added.
January 21, 2015
12:12 EDTGPSBest Buy, home retailers seen getting biggest bump from Sears demise
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January 16, 2015
10:01 EDTLB, COST, GPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
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08:59 EDTGPSGap downgraded at Atlantic Equities
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06:23 EDTCOSTCostco initiated with an Outperform at BMO Capital
Target $155.
06:22 EDTGPSGap downgraded to Neutral from Overweight at Atlantic Equities
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January 15, 2015
17:07 EDTLBL Brands initiated with a Market Perform at Bernstein
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17:06 EDTGPSGap initiated with a Market Perform at Bernstein
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January 14, 2015
10:27 EDTLBL Brands to focus on beauty products, not lingerie, in China, China Daily says
L Brands entered China this week, but the Victoria Secret owner plans to focus on beauty products in the country, rather than lingerie, according to China Daily. Reference Link
January 13, 2015
10:00 EDTCOSTOn The Fly: Analyst Downgrade Summary
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05:42 EDTCOSTCostco downgraded to Neutral from Buy at Goldman
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